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Use your FSA to save up to 40% on the things you buy every day
We all pay taxes. We all buy things like prescriptions, bandages, and glasses or contacts - not to mention co-pays, child care, and braces. And we all like to save money.
A Flexible Spending Account (FSA) uses pre-tax dollars to help you save on health care and dependent care expenses. Once the plan year begins, the money in your FSA is yours to spend immediately, on a wide range of needs for yourself and your family. And because this FSA from WageWorks is so easy to use, there's no hassle, less waiting - and no reason to miss out on enrollment.
Everyday savings
Saving is simple. When you enroll in the program, you set aside some of your pay before taxes to use on eligible expenses. The more you put in, the more you save on your tax bill - up to thousands of dollars.
Savings and convenience. As easy as one, two, three.
It's your money. The program just helps you save it from taxes, and spend it on your health and your family.
It's covered!
You probably know you can cover your co-pays, deductibles, dental and vision care, and prescriptions with your health care FSA. But did you know it's good for hundreds of over-the-counter items such as bandages and contact lenses solution, not to mention many services, too? You can also use it for Over-the-Counter drugs and medicines, as long you get a prescription from your doctor.
Estimate it.
Your FSA works by setting aside a portion of each paycheck before taxes are deducted. When you enroll, you decide just how much to contribute, based on what you estimate you'll need. It's easy with the online calculators and the sample saving scenarios. You see your savings in the form of reduced tax withholding.
Spend it.
Convenient payment and reimbursement options make it easy to spend the money in your WageWorks Health Care and/or Dependent Care FSAs. Just swipe your WageWorks Health Care Card to pay for eligible health care expenses directly from your health care account. Use the online Pay My Provider feature to schedule and send payments directly to both health care and dependent care providers. For fast reimbursement, just log onto your account at www.wageworks.com and file an online Pay Me Back claim or download a claim form and submit your expense via fax, email or mail. Read on to learn more.
Choose what works best for you
You can enroll in one or both FSA accounts:
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Health Care flexible spending account |
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Dependent Care flexible spending account |
Your participation in an FSA program is always voluntary - but you must sign up each year during your employer's benefits open enrollment to take advantage of all it has to offer. |
